Tarneit VIC 3029 · 24.2 km from Melbourne CBD
This is a transport zone address in Tarneit — a commercial/mixed-use zoning, not a standard home. The suburb's residential market and value model below are area context; they don't value this specific property, and residential first-home-buyer concessions don't apply to a commercial purchase.
What matters here is the zoning rules (what uses and built form are allowed), the lease/outgoings if it's tenanted, and commercial finance — see the zoning and checklist sections. Tarneit is a fast-growing outer-Melbourne growth suburb (forecast +59% population by 2036), which shapes the catchment for retail and services.
The parcel is clean of planning overlays — no heritage, flood, bushfire or acquisition control recorded on it.
A plain-English synthesis of the data below — not financial advice. Every figure is explained and sourced in its section.
The green outline is the whole parcel this address sits within (Vicmap Property) — for a unit or shared site, you own part of it, not the entire block.
The site — its title boundary and area. Values here are context only.
50,607 m²
whole parcel (Vicmap)
This site is larger than a typical single-dwelling block, so it may be a shared, multi-dwelling or development parcel — treat the figure as site context, not owned land, and confirm exactly what's on the title.
Lot/plan: 1\PS824046 · Parcel ID (PFI): 3093871
State transport infrastructure — the rail corridor (TRZ1), the principal road network (TRZ2), or a significant municipal road (TRZ3). A 2022 statewide recode moved almost all road/rail reserve land into this zone family; on its own that recode changed a *label*, not what's built there.
Confirms the land is a road/rail reserve, not a future housing site. If your own block directly abuts a TRZ1 (rail) parcel, factor in train noise.
The exact numeric controls (height limits, setbacks, floor-area ratios and permitted-use conditions) are set by Wyndham City Council's specific schedule to this zone, which this report does not reproduce — confirm via VicPlan or Wyndham City Council before relying on any development assumption.
Every gazetted zoning or overlay change recorded on this exact parcel, sourced from Vicmap Planning Scheme History.
Overlays add extra controls on top of the base zone — heritage, flood, bushfire, design and acquisition reservations all work this way.
No heritage, flood, bushfire, acquisition, design or landscape overlay is recorded on this specific parcel, so there are no extra overlay approvals or construction conditions on top of the base zone.
This is a commercial/mixed-use zoned address, so residential first-home concessions don't apply — the cost picture is different from a home purchase.
This is a transport zone address, not a standard residential dwelling — the suburb house/unit market figures below are area context only, and residential first-home-buyer concessions don't apply to a commercial purchase. Treat this as a commercial/mixed-use due-diligence starting point, not a home-buyer valuation. Land-transfer (stamp) duty still applies at the standard scale, and GST may apply to the price (often handled under the going-concern or margin scheme). Commercial finance typically needs a larger deposit (~30%) and shorter loan terms than a home loan. Get specific advice from a commercial-savvy accountant and broker.
| Reference price (suburb median house — area context only) | $675,000 |
| Land-transfer duty (standard scale, no concession) | $35,570 |
Duty uses the current SRO general scale on the area-median reference price — indicative only. A commercial transaction's real duty, GST and outgoings depend on the actual price, lease and structure. Confirm with the SRO calculator and your adviser.
The two numbers investors actually weigh: rental yield (income now) and capital-growth track record (upside later), plus a fundamentals-based fair-value check and the forward supply that shapes both.
Based on the suburb's median house price against real bond-lodged rents for the Werribee-Hoppers Crossing rental region (thousands of active bonds, so a reliable signal). This is a gross figure — before council rates, insurance, management, maintenance and any vacancy — and uses the area median, not this specific house's likely rent. Outer suburbs like this typically out-yield the inner ring but tend to see slower capital growth; weigh both.
| Dwelling | Median rent | Gross yield | Active bonds |
|---|---|---|---|
| 2 Bedroom House | $420/wk | 3.2% | 210 |
| 3 Bedroom House | $460/wk | 3.5% | 3,643 |
| 4 Bedroom House | $525/wk | 4.0% | 5,691 |
Rents: DFFH bond lodgements, Werribee-Hoppers Crossing rental region, latest quarter.
The median house price moved from $371,000 (2013) to $650,000 (2024) — a compound growth rate of about 5.2% a year over 11 years. Past performance isn't a forecast especially with the large forward supply pipeline.
| Type | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| House | $515,000 | $570,000 | $550,000 | $570,000 | $602,000 | $650,000 | $653,500 | $650,000 |
| Land | $275,000 | $305,000 | $305,000 | $302,000 | $334,000 | $367,500 | $360,000 | $344,500 |
| Unit | $377,500 | $403,000 | $389,000 | $436,500 | $430,000 | $442,000 | $485,000 | $470,000 |
1,182 dwellings approved for construction in Tarneit over the most recent 12 months of ABS data. Heavy forward supply is the key caution on capital growth here — more competing new stock than in established, land-constrained suburbs.
Distances to transport and everyday amenities, plus how people here actually commute.
You're about 24 km from the CBD. Most residents drive (54% commute by car); only 3% take the train, and 22% work from home — high, and a big part of how this distance is made livable. The nearest station is a drive or bus ride from here, so factor parking or a feeder bus into a rail commute. Realistically plan for a car-dependent lifestyle this far out.
Zoned schools are the government school(s) this address has a guaranteed enrolment right to, per the Victorian school-zone boundaries — always confirm current boundaries with the Department of Education before relying on this.
Recorded criminal incidents from the Crime Statistics Agency, turned into the question buyers actually ask: is this a safe part of town, relative to nearby suburbs?
Tarneit ranks 4 of 7 nearby suburbs by crime rate (1 = highest). It has a lower recorded offence rate than nearby Werribee, Hoppers Crossing and Wyndham Vale. Crime rate is incidents divided by population, so it fairly compares suburbs of different sizes.
← safer · higher crime →
Property offences dominate (65%) — theft, burglary, criminal damage — the usual pattern in most suburbs, rather than crimes against people. This mix is council-wide, the most local breakdown published.
Suburb-level context (ABS Census 2021 + Victoria in Future 2036 forecasts) — applies to the whole suburb, not just this address.
Tarneit is young, family-oriented and highly multicultural — one of Melbourne's most culturally diverse communities — median age 30, average household 3.4 people, 62% born overseas with 64% speaking a language other than English at home. It's predominantly owner-occupied (67% owners · 30% renters), and fast-changing — 21% of residents moved in within the last year, typical of a growth area still filling out.
56,370
2021 Census
+59%
population, Vic. in Future
30
years — a young, family suburb
3.4
people per household
62%
one of Melbourne's most diverse suburbs
54%
of residents 15+
67%
· 30% renters
7.3%
2021 Census
22%
vs 3% commute by train
5/10
socio-economic advantage, relative to all Australia
State-government infrastructure projects (Victorian Budget infrastructure pipeline) located near this address.
The signals worth weighing, ranked — each links to the section that explains it in full.
Upload it for a free plain-English review — we check what the vendor statement discloses against the public record you've just read above.
A due-diligence checklist tailored to what this report found — and, just as importantly, to what it could NOT check.
Built entirely from free, public Victorian & Commonwealth datasets: Vicmap Planning (zones, overlays & gazetted history), ABS Census 2021, ABS building approvals, VGV property sales, DFFH Rental Report (bond lodgements), ATO taxation statistics, PTV/GTFS stops, Victorian school locations & zones, Crime Statistics Agency, Victoria in Future projections, and the Victorian Budget infrastructure pipeline. Stamp duty & grant figures use current State Revenue Office rules (indicative). Not a valuation, not legal or financial advice.